Price on the move higher as buying heats up

New Buy Entry Alert BKL

Time Frame : Daily/Weekly

Sector : Healthcare

Key Stats : $2.48 Billion Market Cap, VWAP 141.995, ASX Ranking 143, PE Ratio 38.3, Div Yield 2.02%, 4 Week Av Turnover $7,095,537.

Company Overview : Blackmores Limited (BKL) is natural health company engaged in development, and sales and marketing of health products for humans and animals. It combines traditional naturopathic expertise with scientific research. Their products include vitamins, herbal and mineral nutritional supplements. Products are distributed through retail pharmacies, supermarkets, health food stores, mass merchants and distributors. BKL operates in Australia, New Zealand and Asia.

 

BLK – Blackmores Limited

BKL has tested and rejected the lows around 135.00 as buyers get the action going. We are happy to buy on a push through 145.60 and hold the stop loss level at 135.00. If price pushes below 135.00 prior to entry then we will re-assess the entry alert….again.

 

Stock Code : BKL – Blackmores Limited

Company Website : www.blackmores.com.au

Current Price : 143.88

New Buy Entry (Trigger Level) : 145.60

Potential Sell Exit Zone (Stop Loss) : 135.00

Status : On watch for buy entry trigger